Tech Data Corp. (NASDAQ:TECD) has received a consensus rating of “Hold” from the nine research firms that are currently covering the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $96.60.

Several equities research analysts have recently weighed in on TECD shares. Bank of America Corp. upgraded Tech Data Corp. from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, September 20th. Zacks Investment Research upgraded Tech Data Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 15th. upgraded Tech Data Corp. from an “underperform” rating to a “buy” rating and upped their price target for the company from $76.00 to $102.00 in a research report on Tuesday, September 20th. Brean Capital reiterated a “buy” rating and set a $82.00 price target on shares of Tech Data Corp. in a research report on Friday, August 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tech Data Corp. in a research report on Friday, August 26th.

Tech Data Corp. (NASDAQ:TECD) opened at 86.01 on Monday. Tech Data Corp. has a one year low of $57.99 and a one year high of $89.36. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 13.96 and a beta of 0.87. The company has a 50-day moving average of $80.33 and a 200-day moving average of $77.24.

Tech Data Corp. (NASDAQ:TECD) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.18. Tech Data Corp. had a return on equity of 10.39% and a net margin of 0.83%. The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.36 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. Equities research analysts expect that Tech Data Corp. will post $5.95 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Weaver C. Barksdale & Associates Inc. raised its stake in shares of Tech Data Corp. by 7.2% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 1,473 shares of the company’s stock valued at $106,000 after buying an additional 99 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tech Data Corp. by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,295 shares of the company’s stock valued at $110,000 after buying an additional 144 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Tech Data Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 2,102 shares of the company’s stock valued at $151,000 after buying an additional 879 shares in the last quarter. Creative Planning raised its stake in shares of Tech Data Corp. by 4.7% in the third quarter. Creative Planning now owns 1,897 shares of the company’s stock valued at $161,000 after buying an additional 86 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in shares of Tech Data Corp. by 3.9% in the second quarter. Acrospire Investment Management LLC now owns 2,694 shares of the company’s stock valued at $194,000 after buying an additional 100 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

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About Tech Data Corp.

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.

5 Day Chart for NASDAQ:TECD

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